Rizio Company purchases a machine for $12,200, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $122 discount. Transportation costs of $276 were paid by Rizio. The machine required mounting and power connections costing $843. Another $398 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $300 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine. Amount Included in Cost of Equipment: Invoice price of machine Net purchase price Total cost to be recorded

Rizio Company purchases a machine for $12,200, terms 1/10,n/60, FOB shipping point. Rizio paid within the discount period and took the $122 discount. Transportation costs of $276 were paid by Rizio. The machine required mounting and power connections costing $843. Another $398 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $300 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine